AMC: Breakout Pending
AMC appears almost ready to emerge from a lengthy bottoming process that started with a H&S bottom, then extended into a rising triangle.
The stock has been spending alot of time near the upper end of the range and seems likely to need only a modest amount of additional work to move to higher levels.
The huge short interest could help propel the move higher.
The stock has been spending alot of time near the upper end of the range and seems likely to need only a modest amount of additional work to move to higher levels.
The huge short interest could help propel the move higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.